The latest new migrants don't realise how fickle Australia is, takes Generations to realise this , the Bullshit that we are the Lucky Country is so far from the truth, yes a child of the 50s and 60s,yes that was the lucky times , Dad went to work mum stayed at home looking after the kids, most had large families, i came from a family of 10, One wage paid for dad to buy a house, pay a house off , we all eat well a Roast on Sunday for lunch after Sunday School, no one went with out, Fast Forward 60 plus years , houses overpriced, 2 wages cant pay for a house, let alone thinking about having a family, We Aussies have been Hoodwinked by both sides of Government for Decades, we arejust one Over Rated place on this Planet we call home!
We are a highly over paid economy. Retired now and so happy not to be in business under this current government, one that is hell bent on destroying small business. The cost of doing business is a business killer full stop.
It really is remarkable that after 60 years of economic growth that was supposed to make us all wealthier, the opposite has happened. I don't think we should believe anything that economists tell us. They have clearly utterly failed us
@@lindenwatson846 right, the problem is that wages are too high, despite the fact that wages have actually fallen when you take into account inflation and the cost of living, meanwhile productivity has skyrocketed and big companies post record profits year after year. Don't be an idiot the problem isn't the government protecting workers, the problem is the government being controlled by big business and putting the profits of big business above everything else. This allows big businesses to completely demolish small businesses and then once there's no competition they can keep wages low and prices high
I have been reading news from Canada that new immigrants there find it so brutally expensive, loads of them run back home in their first year in Canada. I think for a lot of new immigrants, Australia would get something like Canada, too few decent paying work opportunities, too few houses to rent/buy, with sky rocketing inflation all around.
Your take is close and much better than some of the "academic economists" who have essentially become a government mouthpiece to collect their wage as a "sanctioned intellectual." You're absolutely right that money supply and debt are the core problems- look at a graph of CPI versus the amount of money in circulation. Then realise that, even if you try to "rinse multinational corproations", then it doesn't matter- people change their behaviour via the Laffer curve so that the government marginally taxes 15% of productivity across the board. This, while boondoggles like the NDIS and medicare grow in cost exponentially. That's why asking the government to do anything is a Faustian bargain.
Australia has only been lucky because of demand for things in the ground and the ground itself (property) … our actual innovation and productivity is fk all! This has been exasperated by globalization… small countries (population) will always lose to large countries with economies to scale!
Important to note that the term "mortgage" comes from the Old French words "mort" (dead) and "gage" (pledge), essentially meaning "death (or dead) pledge". This term originated because the obligation ends (dies) when either the debt is paid or the property is taken through foreclosure. It doesn't mean until the person borrowing funds dies, but the obligation.
unfortunately recession will be only the beginning. Deflation will be the killer late in 2025. Our big boys that is ASX top 50 is what is keeping us going at the moment. But soon they too will feel pain and once that happens we will know what deflation looks like.
I think this is a problem sweeping across the western world, look at NZ, Canada, UK USA, Europe, its all going down the toilet fast. I recently purchased a house in Japan, property there does not make money like it does in the west, however its a safe haven if you are able to live there and earn an income. Other options for Australians include the Philippines, Malaysia, Thailand...etc. These industrious countries who are producing most of the things we consume will take over in the next decades as their work pulls them out of poverty just like it did in post war Japan. The west is fked and the best thing you can do is quietly start building an exit strategy before its too late, you need to choose a country to go to, have a local bank account, drivers license, Visa, house or apartment however modest and any other specific medical, pensions or insurances. Start today.
Plenty of places far better than shithole that polititians turned Australia into. We are going to Cyprus soon. There are job there now, housing isn't financialised and quality of life cannot compare. Even current USA pay adjusted for aud conversion is way bigger and you get more for your buck.
To me, most people got it coming. I got fk all for the last 13 years in deposit rates sacrificing gratification while everyone got their McMansions and holidays and sipping cocktails and champagne. About time, the RBA is the adult in the room. Time to do a Volcker and jump it to 10%.
With that experience and tickets, you are probably coming up against ageism where employers only want to hire younger workers rather than experienced older ones.
If you are OK with spending the rest of your days in a tiny crumbling high rise slum dog box doing 4 part time gig jobs to pay mortgage and building repair fees for the rest of your life then stay in Australia
@@JBLegal09 and that's the point of today's argument. It's good for those that jumped on property ladder decade ago or born into property. But not for anyone else. Stay here by any means and I am really happy for you
@@InfinityIsland2203 I know it's not fair and it is generational. I'm X-Gen and have a millennial daughter so I can understand, from a distance, which is why I've helped her. Even with a double six figure job and a deposit, she will have barriers that shouldn't be there.
@@JBLegal09I'm in a similar position and genuinely still feel like I'm doing really poorly. I remember being a teenager and no $ but things were still doable. Like with $5 you could still slum a decent meal, now you need $30
I saw this 10+ years ago, effectively the only real driver of employment in Australia is Government, less so mining, tourism, education and agriculture. There is no large enmass manufacturing, tech, pharma, petro, military, aerospace or similar industries. The government and by extension the public servants and consulting industries (dressed up as private, but all live off government contracts) are the root cause of Australia's economic and societal spiral to destitution.
The problem with housing is actually extremely complex and people have fragmented memories about how things actually transpired because of the traumatic stress involved for so many people such as bankers, politicians, bureaucrats etc. I think it actually began with the GFC in about 2008 to 2010. Some say Australia didn't experience it and Asia less so, as it was an American and European phenomenon. If we look it up the conclusion was that loans were made to non investors and the problem was low growth resulting in loan defaults when prices dropped basically. The low economic growth or collapse of house prices is the risk again in Australia in 2024 and beyond, because of the 2018 house market collapse in Australia. What happened then took two years to develop and it was the exact same situation with non investors favoured for bank house loans. Strange but true. The collapse was probably inevitable as investors were limited to 10 percent of bank loans in Australia from about 2016. So again slow economic growth and collapse risks repeated but the loans and risks were transferred to others after 2018. The Asian house market also collapsed especially after 2020. The same risks are probably in Canada, if not Britain also.. I would speculate due to the common denominator of immigration issues that seem to be underlying the supply side of the housing market. China has had issues of economic problems since 2020, but one factor to consider is the population implosion there. Australia and Britain and Canada have the opposite problem of lack of housing supply. It would be reasonable for the situation of a construction duopoly in Australia and Britain and Canada and possibly America also, if not even China also to maintain stability of the situation. The Asian government model of the monopoly is obviously not going to ever work in reality. The real traditional economic growth model in China as socialist is actually probably now slow economic growth and this has been forced into Australia and probably Canada also due to the situation of the house market bubble and being dependant on immigration and probably long term low currency values. I think that possibly Canada will try to lead with a construction duopoly system as Britain probably tried to stabilise its housing construction market, with some difficulties after 2008, that persist. A lot of research has gone into the situation post 2008. Insolvency risks are the main problem for construction companies world wide now. Another factor for Australia is the fractured legal jurisdictions since 2014 and likely low Australia dollar values from 2024 with restrictions on immigration numbers also after probably excessive immigration like Canada. OECD guidelines were probably not adhered to by this situation due to some political pressures involved.
The remedy to fight inflation has been to make the borrowers of the economy, mortgage holders and small business suffer by taking money out of their pockets and repatriating to the banks and the savers. This is all good, unless it does not work, and therein lies the problem. Small business and mortgage holders are the risk takers of the ecomomy and this is where real growth is located. The private sector is in freefall and now capacity is being destroyed as thousands of business reduce capacity or close. It takes 5-10 years to create these business and a year to destroy them, and by handing these small time entreprenuers (the thousands of small buisiness) huge losses, the RBA may be dampening down demand in that cohort, but at what price? A private sector job can not be effectively replaced by public sector job because the private sector job creates income for the economy the public one costs the economy. Until policy starts to restrain prices in the sectors of the economy who are causing inflation, and lets be clear, inflation has been price led and its been in the basics, food, energy and fuel then this will get worse, and I don't think there is any more capacity for the borrowers to give, we have reached the end of the road on that one. I feel the RBA would love to raise rates again as they are in the trenches with inflation, but I think they know these rises are having very little effect on inflation. The RBA and the Government need to work together, the Governments need to ease back on its huge spending and the RBA need to start cutting rates so money flows back into the private sector, if we don't do this I can't see any end to the recession.
Recession is the only way to stop this inflation now. It's.not just about less spending or less job vacancies. Excess printed money must be destroyed by defaults and bankruptcies.
Small businesses are getting gutted and there is no cash economy anymore for a lot of businesses compared with the early nineties. So when the next recession comes there's a real risk the government goes back to handouts like in the covid period. It's not looking good
😊😢 when we see politicians cringe, there is almost a mixture of schadenfreude and validation at the inevitability of having a construction duopoly in Australia for stability. It is satisfying to see the situation coming full circle and the reality of the categorical imperative and such. Creating a system that thrived on schadenfreude, the joy of people's misfortune, never being able to pay off the mortgage and such, Ponzi immigration schemes, it's the perfect outcome for hard reality to hit and the need for real macroeconomics and microeconomics to jump out so blatantly with out any shades of Gray or manipulation or secrecy anymore. The long term low Aussie dollar value and the end of the immigration gravy train and never ending mortgages have gone totally bust. We have to just savour the self denial and stubborn reluctance of the political system and beuracracy in shifting to the new reality and maxim of integrity and hard work and transparency and hard facts that the low Aussie dollar means. No more massive foreign investment and perks. It's back to building it yourself and employing your own nationals in real jobs instead of giving them to others and forcing people to live on the streets and in cars and tents. It's time for the poor miserable Australian citizen to finally have a government that works properly and darn hard for it's money and taxes.🎉
The Australian economy is the same as famine roads built in Ireland.The Famine Roads of Ireland were constructed during the Great Irish Famine (1845 - 1852) as a form of relief for poor families. These roads served no real purpose and often led to nowhere,
Can someone please explain to me why interest rates are used to slow down or speed up inflation? Given I understand only 35% of tax payers have a mortgage why logically wouldn’t you simply use GST to regulate the economy as at least the pain would be more equally spread?
Giving the businesses money during covid was a terrible idea and did exactly what you said by propping up the bad companies for a few more years. Australias economy is literally built on debt, and we have some of if not the highest personal debt in the world.
The whole cost of living crisis is created by RBA. The high interest rate put a lot of stress on mortgages and rents. The impact is way higher than the impact of food costs.
Yeah, a construction duopoly and public private partnership with the government like Taa and Ansett or Qantas and Virgin airlines is probably the only way for the Australian government to get out of its immigration mess and high house prices feedback to construction bankruptcy. Big builders have to consolidate in preparation for the situation and small builders probably have to subcontract to stay in business with very tight government control to avoid problems. I guess the Aussie government and everyone has painted themselves into a corner with the Aussie dollar going to remain low. It's going to be a long haul and a long long road ahead. But it has to be done. Lucky there is still such an option available. No way out now. It's too late to keep going the way it's been for way too long. Way too long... disgustingly for too long..etc.. blah blah blah blah blah..
As long as the Prime Minister and the majority of the other ministers are Anglo-Saxon, the thinking will never change. The British Empire collapsed decades ago, and Australia has still not woken to the reality that it is in Asia and not anywhere near the US and Canada and Europe. With its new policies, the Lotus-eaters are preparing for a long slumber.
Look there is no point bleating about the way things are here in Australia. If we keep voting in the same corrupt governments, the same corrupt politicians, we can change the political landscape by not voting for Labour and the LNP. Vote for the independents or the greens.
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The latest new migrants don't realise how fickle Australia is, takes Generations to realise this , the Bullshit that we are the Lucky Country is so far from the truth, yes a child of the 50s and 60s,yes that was the lucky times , Dad went to work mum stayed at home looking after the kids, most had large families, i came from a family of 10, One wage paid for dad to buy a house, pay a house off , we all eat well a Roast on Sunday for lunch after Sunday School, no one went with out, Fast Forward 60 plus years , houses overpriced, 2 wages cant pay for a house, let alone thinking about having a family, We Aussies have been Hoodwinked by both sides of Government for Decades, we arejust one Over Rated place on this Planet we call home!
One-third of Africa would come here tomorrow and most of India are on their way - nothing matters now.
We are a highly over paid economy. Retired now and so happy not to be in business under this current government, one that is hell bent on destroying small business. The cost of doing business is a business killer full stop.
It really is remarkable that after 60 years of economic growth that was supposed to make us all wealthier, the opposite has happened. I don't think we should believe anything that economists tell us. They have clearly utterly failed us
@@lindenwatson846 right, the problem is that wages are too high, despite the fact that wages have actually fallen when you take into account inflation and the cost of living, meanwhile productivity has skyrocketed and big companies post record profits year after year.
Don't be an idiot the problem isn't the government protecting workers, the problem is the government being controlled by big business and putting the profits of big business above everything else. This allows big businesses to completely demolish small businesses and then once there's no competition they can keep wages low and prices high
I have been reading news from Canada that new immigrants there find it so brutally expensive, loads of them run back home in their first year in Canada. I think for a lot of new immigrants, Australia would get something like Canada, too few decent paying work opportunities, too few houses to rent/buy, with sky rocketing inflation all around.
Who would've thought that designing our entire economy purely to accommodate investors and speculators would backfire
Your take is close and much better than some of the "academic economists" who have essentially become a government mouthpiece to collect their wage as a "sanctioned intellectual." You're absolutely right that money supply and debt are the core problems- look at a graph of CPI versus the amount of money in circulation. Then realise that, even if you try to "rinse multinational corproations", then it doesn't matter- people change their behaviour via the Laffer curve so that the government marginally taxes 15% of productivity across the board. This, while boondoggles like the NDIS and medicare grow in cost exponentially. That's why asking the government to do anything is a Faustian bargain.
The "pandemic" wasn't bad. The reaction to it was. It's quite concerning if you're not aware of that reality.
Exactly. If people think the 'virus' was bad by now, they are a lost cause.
@@rodrricobetter that than millions dead like in America.
the pandemic suited the testing of power by POLITICIANS! THAT AND THAT ONLY !!!!
Australia has only been lucky because of demand for things in the ground and the ground itself (property) … our actual innovation and productivity is fk all! This has been exasperated by globalization… small countries (population) will always lose to large countries with economies to scale!
tanya and labor will put a end to that better of living on a pacific island !
Love your insight. Somebody needs to tell the truth
Important to note that the term "mortgage" comes from the Old French words "mort" (dead) and "gage" (pledge), essentially meaning "death (or dead) pledge". This term originated because the obligation ends (dies) when either the debt is paid or the property is taken through foreclosure. It doesn't mean until the person borrowing funds dies, but the obligation.
Great info. Thank you.
It’s an evolution of everything that the previous governments have done.Our governments no matter what colour are reactive instead of proactive.
I was earning around 250k a year and now unemployed and can’t find another job. Things are screwed.
lol. That happened to me in 2005.. and on about the same money. I’ve never found another job since… 😂
unfortunately recession will be only the beginning. Deflation will be the killer late in 2025. Our big boys that is ASX top 50 is what is keeping us going at the moment. But soon they too will feel pain and once that happens we will know what deflation looks like.
the gov will just flood more people in if that happens
I think this is a problem sweeping across the western world, look at NZ, Canada, UK USA, Europe, its all going down the toilet fast. I recently purchased a house in Japan, property there does not make money like it does in the west, however its a safe haven if you are able to live there and earn an income.
Other options for Australians include the Philippines, Malaysia, Thailand...etc. These industrious countries who are producing most of the things we consume will take over in the next decades as their work pulls them out of poverty just like it did in post war Japan.
The west is fked and the best thing you can do is quietly start building an exit strategy before its too late, you need to choose a country to go to, have a local bank account, drivers license, Visa, house or apartment however modest and any other specific medical, pensions or insurances. Start today.
Well the west is becoming the east, and the east is becoming the west. Just like how men are becoming women and women are becoming men.
Hm interesting, honestly would like to know, why Japan?
Plenty of places far better than shithole that polititians turned Australia into. We are going to Cyprus soon. There are job there now, housing isn't financialised and quality of life cannot compare. Even current USA pay adjusted for aud conversion is way bigger and you get more for your buck.
To me, most people got it coming. I got fk all for the last 13 years in deposit rates sacrificing gratification while everyone got their McMansions and holidays and sipping cocktails and champagne. About time, the RBA is the adult in the room. Time to do a Volcker and jump it to 10%.
yeah its bs trying to find a job atm , so many fake jobs advertised on seek
im a machine operator with 5 tickets 40yrs of work exp , and nothing
All funded by Jim chalmers
With that experience and tickets, you are probably coming up against ageism where employers only want to hire younger workers rather than experienced older ones.
Sorry to hear that - maybe seek isn't the right place to find that type of work?
That train looks very Indian
Yeah but Indias, growing, has a bigger economy then Australia and their showing growth m8.
Chat GPT created the image
India under BRICS is booming.. your old world views are deceiving you
Detective of Money Politics is following this very informative content cheers from VK3GFS and 73s from Frank
Is staying in Australia a death pledge?? I’m 35 have a young family want a house but I can’t see that happening in my lifetime
If you are OK with spending the rest of your days in a tiny crumbling high rise slum dog box doing 4 part time gig jobs to pay mortgage and building repair fees for the rest of your life then stay in Australia
@@InfinityIsland2203it's not like that at all for a lot of people mate.
@@JBLegal09 and that's the point of today's argument. It's good for those that jumped on property ladder decade ago or born into property. But not for anyone else. Stay here by any means and I am really happy for you
@@InfinityIsland2203 I know it's not fair and it is generational. I'm X-Gen and have a millennial daughter so I can understand, from a distance, which is why I've helped her. Even with a double six figure job and a deposit, she will have barriers that shouldn't be there.
@@JBLegal09I'm in a similar position and genuinely still feel like I'm doing really poorly. I remember being a teenager and no $ but things were still doable. Like with $5 you could still slum a decent meal, now you need $30
Good to meet you man. Im in melbourne to. Its shocking here isnt it? Ill subscribe to you
I saw this 10+ years ago, effectively the only real driver of employment in Australia is Government, less so mining, tourism, education and agriculture. There is no large enmass manufacturing, tech, pharma, petro, military, aerospace or similar industries. The government and by extension the public servants and consulting industries (dressed up as private, but all live off government contracts) are the root cause of Australia's economic and societal spiral to destitution.
The problem with housing is actually extremely complex and people have fragmented memories about how things actually transpired because of the traumatic stress involved for so many people such as bankers, politicians, bureaucrats etc.
I think it actually began with the GFC in about 2008 to 2010. Some say Australia didn't experience it and Asia less so, as it was an American and European phenomenon.
If we look it up the conclusion was that loans were made to non investors and the problem was low growth resulting in loan defaults when prices dropped basically.
The low economic growth or collapse of house prices is the risk again in Australia in 2024 and beyond, because of the 2018 house market collapse in Australia.
What happened then took two years to develop and it was the exact same situation with non investors favoured for bank house loans. Strange but true.
The collapse was probably inevitable as investors were limited to 10 percent of bank loans in Australia from about 2016.
So again slow economic growth and collapse risks repeated but the loans and risks were transferred to others after 2018.
The Asian house market also collapsed especially after 2020.
The same risks are probably in Canada, if not Britain also.. I would speculate due to the common denominator of immigration issues that seem to be underlying the supply side of the housing market.
China has had issues of economic problems since 2020, but one factor to consider is the population implosion there.
Australia and Britain and Canada have the opposite problem of lack of housing supply.
It would be reasonable for the situation of a construction duopoly in Australia and Britain and Canada and possibly America also, if not even China also to maintain stability of the situation.
The Asian government model of the monopoly is obviously not going to ever work in reality.
The real traditional economic growth model in China as socialist is actually probably now slow economic growth and this has been forced into Australia and probably Canada also due to the situation of the house market bubble and being dependant on immigration and probably long term low currency values.
I think that possibly Canada will try to lead with a construction duopoly system as Britain probably tried to stabilise its housing construction market, with some difficulties after 2008, that persist. A lot of research has gone into the situation post 2008.
Insolvency risks are the main problem for construction companies world wide now.
Another factor for Australia is the fractured legal jurisdictions since 2014 and likely low Australia dollar values from 2024 with restrictions on immigration numbers also after probably excessive immigration like Canada.
OECD guidelines were probably not adhered to by this situation due to some political pressures involved.
The remedy to fight inflation has been to make the borrowers of the economy, mortgage holders and small business suffer by taking money out of their pockets and repatriating to the banks and the savers. This is all good, unless it does not work, and therein lies the problem. Small business and mortgage holders are the risk takers of the ecomomy and this is where real growth is located. The private sector is in freefall and now capacity is being destroyed as thousands of business reduce capacity or close. It takes 5-10 years to create these business and a year to destroy them, and by handing these small time entreprenuers (the thousands of small buisiness) huge losses, the RBA may be dampening down demand in that cohort, but at what price? A private sector job can not be effectively replaced by public sector job because the private sector job creates income for the economy the public one costs the economy. Until policy starts to restrain prices in the sectors of the economy who are causing inflation, and lets be clear, inflation has been price led and its been in the basics, food, energy and fuel then this will get worse, and I don't think there is any more capacity for the borrowers to give, we have reached the end of the road on that one. I feel the RBA would love to raise rates again as they are in the trenches with inflation, but I think they know these rises are having very little effect on inflation. The RBA and the Government need to work together, the Governments need to ease back on its huge spending and the RBA need to start cutting rates so money flows back into the private sector, if we don't do this I can't see any end to the recession.
Recession is the only way to stop this inflation now. It's.not just about less spending or less job vacancies. Excess printed money must be destroyed by defaults and bankruptcies.
Small businesses are getting gutted and there is no cash economy anymore for a lot of businesses compared with the early nineties.
So when the next recession comes there's a real risk the government goes back to handouts like in the covid period. It's not looking good
on on track for 2030
😊😢 when we see politicians cringe, there is almost a mixture of schadenfreude and validation at the inevitability of having a construction duopoly in Australia for stability.
It is satisfying to see the situation coming full circle and the reality of the categorical imperative and such. Creating a system that thrived on schadenfreude, the joy of people's misfortune, never being able to pay off the mortgage and such, Ponzi immigration schemes, it's the perfect outcome for hard reality to hit and the need for real macroeconomics and microeconomics to jump out so blatantly with out any shades of Gray or manipulation or secrecy anymore.
The long term low Aussie dollar value and the end of the immigration gravy train and never ending mortgages have gone totally bust. We have to just savour the self denial and stubborn reluctance of the political system and beuracracy in shifting to the new reality and maxim of integrity and hard work and transparency and hard facts that the low Aussie dollar means. No more massive foreign investment and perks. It's back to building it yourself and employing your own nationals in real jobs instead of giving them to others and forcing people to live on the streets and in cars and tents.
It's time for the poor miserable Australian citizen to finally have a government that works properly and darn hard for it's money and taxes.🎉
ON A TRAIN BOUND TO NOWEHERE
Just came for that.
Which country will you emigrate to ?
Do we really own our houses? Even after we finish paying it off?
u don’t, u will still be up for all these maintenance expenses and subject to income tax if u lease it out
Handed to the black fellas
The train is sooo deceptive
The Australian economy is the same as famine roads built in Ireland.The Famine Roads of Ireland were constructed during the Great Irish Famine (1845 - 1852) as a form of relief for poor families. These roads served no real purpose and often led to nowhere,
Can someone please explain to me why interest rates are used to slow down or speed up inflation? Given I understand only 35% of tax payers have a mortgage why logically wouldn’t you simply use GST to regulate the economy as at least the pain would be more equally spread?
Giving the businesses money during covid was a terrible idea and did exactly what you said by propping up the bad companies for a few more years.
Australias economy is literally built on debt, and we have some of if not the highest personal debt in the world.
The whole cost of living crisis is created by RBA. The high interest rate put a lot of stress on mortgages and rents. The impact is way higher than the impact of food costs.
wtf? Interest rates should be 10% to be “normal”
Don't watch the video ? .... just comment ? wtf
I identify as a pissed off Aussie 👨🌾
Yeah, a construction duopoly and public private partnership with the government like Taa and Ansett or Qantas and Virgin airlines is probably the only way for the Australian government to get out of its immigration mess and high house prices feedback to construction bankruptcy.
Big builders have to consolidate in preparation for the situation and small builders probably have to subcontract to stay in business with very tight government control to avoid problems.
I guess the Aussie government and everyone has painted themselves into a corner with the Aussie dollar going to remain low. It's going to be a long haul and a long long road ahead. But it has to be done. Lucky there is still such an option available. No way out now. It's too late to keep going the way it's been for way too long. Way too long... disgustingly for too long..etc.. blah blah blah blah blah..
OR R.eal B.unch A.lbo supporters" or used to be ?
Thats good,coming from a "mortgage broker" which is a profession which is the poor relation to an accountant
Very Mean.
Have you actually used one? No .Deal directly through a bank and pay through the nose. Mine saved me 1% pa on the best rate I could find.
@@TheTestride Yes I have,only for what they are used for
As long as the Prime Minister and the majority of the other ministers are Anglo-Saxon, the thinking will never change. The British Empire collapsed decades ago, and Australia has still not woken to the reality that it is in Asia and not anywhere near the US and Canada and Europe. With its new policies, the Lotus-eaters are preparing for a long slumber.
NO CHINESE MONEY TO HELP YOU
Look there is no point bleating about the way things are here in Australia. If we keep voting in the same corrupt governments, the same corrupt politicians, we can change the political landscape by not voting for Labour and the LNP. Vote for the independents or the greens.
The Greens?! You serious? Look what a mess they're creating in Germany for example
The world isn't crazy enough to reward a whole cohort of undeserving people.